Lexington Company's predetermined overhead rate is $4 per direct labor hour. Which of the following equations correctly computes the amount of overhead cost that should be applied to work in process assuming a job required 104 hours but was estimated to require 94 hours? Multiple Choice 104 hours $4.00 = $416 94 hours $4.00 = $376 1job * $4.00 = $4 None of these answers are correct